OVERVIEW PROGRAMS AND TUITION ADMISSIONSFINANCIAL AID

Ferrum College Financial Aid and Scholarships 2022

A private, United Methodist university, Ferrum College is situated in Ferrum, Virginia. Across all the courses offered at Ferrum College, the enrolment stands at 1,050. To teach various courses to the students, the school has employed a total of 80 faculty. At FC, around 43% of the students are females and 57% are males. Further, around 98% of the students are 24 and under. Some of the notable alumni which the school has produced in its several years of existence are Billy Wagner, Chris Warre

Ferrum College Financial Aid and Scholarships

Students Receiving Aid Percent of Students Receiving Financial Aid.

99%

Total Aid Amount Average Total Aid Awarded per year.

$25.684M

Financial Aid Official Website

www.ferrum.edu/financial-aid/

Students can avail of scholarships provided by the college, such as Bonner Program, Ferrum College Merit Grant, Ferrum College Scholarship, and Praise and Worship Team Scholarships, if they find educational expenses to be on the higher side. As many as 98% of the students at FC get some sort of financial aid, and the total amount of assistance/loans provided is more than $6,645,531 in a year. Notably, a total of 61% of the applicants to Ferrum College receive the Federal Grant every year. In comparison, 98% of the students are awarded the Student Grant, 96% get the Institution Grant, and 61% of the applicants receive the Pell Grant. Moreover, the average aid amount for Federal Grant awardees stands at $5,014, while the same comes to $2,893 for State Grant receivers and $20,249 for Institution Grant awardees. As far as the Pell Grant beneficiaries are concerned, the average aid received stands at $4,714. The annual family income of a candidate is one of the key factors in determining their total eligibility for financial aid. Apart from financial grants and scholarships, candidates can also avail of monetary benefits like student loans to fund their education. However, student loans attract a certain rate of interest at which the funds are borrowed. Candidates are also required to repay these loans within a given period. At FC, an estimated number of 87% of the applicants choose to go for student loans.

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